Exam FX
prior to license renewal, all insurance producers must successfully complete how many hours of continuing education?
24 credit hours
Within how many days of requesting an investigative consumer report must an insurer notify the consumer in writing that the report will be obtained?
3 days
Under which of the following circumstances can financial institutions share insurance coverage information with third parties, for the purpose of soliciting the purchase of insurance?
If a consumer does not sign and return the notice of disclosure within 30 days
In an individual long-term care insurance plan, the insured is able to deduct the premiums from taxes. What income taxation will be imposed on the benefits received?
No tax
According to the provisions of the Patient Protection and Affordable Care Act, all of the following are required preventive care services EXCEPT
cervical cancer exams for all women starting at age 40
Regarding long-term care coverage, as the elimination period gets shorter, the premium
increases
What do individuals use to transfer their risk of loss to a larger group?
insurance
Which of the following programs is made up of 4 parts, where the first part is paid for by FICA, and the second part is financed by premiums and payroll taxes?
medicare
Which of the following is the most common time for errors and omissions to occur on the part of an insurer?
policy delivery
Regarding long-term care policies, which of the following would NOT be included in activities of daily living?
sleeping
An insured owes his insurer a premium payment. Since then, he incurs medical expenses. The insurer deducts the unpaid premium amount from the claim amount and pays the insured the difference. What provision allows for this?
unpaid premium